Contracts
An Iowa seller accepts a buyer's offer, but the acceptance includes a minor change to the closing date. This creates:
AA fully binding contract since the change is minor
BA counteroffer that the buyer must accept for a binding contract to form✓ Correct
CA void contract because the acceptance was not identical to the offer
DA voidable contract at the seller's option
Explanation
Under the mirror image rule, an acceptance that changes any term of the offer — even a minor term — creates a counteroffer rather than an acceptance. A binding contract is not formed until both parties agree to identical terms.
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